Annual General Meeting of Suominen Corporation and organisation of the Board

SUOMINEN CORPORATION         STOCK EXCHANGE RELEASE 27 MARCH 2008 AT 6.15 P.M.  
                                                                           


ANNUAL GENERAL MEETING OF SUOMINEN CORPORATION AND ORGANISATION OF THE BOARD    


The Annual General Meeting of Suominen Corporation approved the financial       
statements of the parent company and the Group for the financial year 2007 and  
released the members of the Board of Directors and the President and CEO from   
liability. The Meeting decided that no dividend be paid for 2005. The Meeting   
authorised the Board of Directors to decide on repurchase and conveyance of the 
Company's own shares.                                                           

The Annual General Meeting of Shareholders was held today on 27 March 2008. The 
Meeting was opened by the member of the Board of Directors, Mr. Juhani Lassila, 
and chaired by Attorney-at-law, Mr. Jukka Laitasalo.                            


FINANCIAL STATEMENTS                                                            

The Annual General Meeting approved the financial statements of the parent      
company and the Group for the financial year 1 January - 31 December 2007 and   
released the members of the Board of Directors and the President and CEO from   
liability for the period.                                                       


DIVIDEND                                                                        
                                                                                
The Annual General Meeting decided that no dividend be paid for 2007.           


THE BOARD OF DIRECTORS AND AUDITORS                                             

The Meeting confirmed the number of members of the Board of Directors six. The  
Meeting elected Heikki Bergholm, Kai Hannus, Pekka Laaksonen, Juhani Lassila,   
Mikko Maijala and Heikki Mairinoja to the Board of Directors for the next term  
of office in accordance with the Articles of Association. The Board of Directors
held an initial meeting after the Annual General Meeting and elected Mikko      
Maijala as its Chairman and Pekka Laaksonen as Deputy Chairman.                 

PricewaterhouseCoopers Oy, Authorised Public Accountants, were re-elected as    
auditors for the term expiring at the close of the next Annual General Meeting. 


AUTHORISATION OF THE BOARD OF DIRECTORS TO DECIDE ON THE REPURCHASE OF THE      
COMPANY'S OWN SHARES                                                            

The Annual General Meeting approved the proposal of the Board of Directors to   
authorise the Board of Directors to decide on the repurchase of a maximum of    
1,186,000 of the Company's own shares. The repurchase authorisation is valid    
for 18 months after the decision of the General Meeting.                        

The shares shall be repurchased for use as consideration in future acquisitions 
or other arrangements related to the Company's business, as financing for       
investments or as part of the Company's incentive program or to be held by the  
Company, to be conveyed by other means or to be cancelled. The Company's own    
shares shall be repurchased otherwise than in proportion to the holdings of the 
shareholders by using the non-restricted equity through public trading on the   
OMX Nordic Exchange Helsinki Oy at the market price prevailing at the time of   
acquisition.                                                                    


AUTHORISATION OF THE BOARD OF DIRECTORS TO DECIDE ON THE CONVEYANCE OF THE      
COMPANY'S OWN SHARES                                                            

The Annual General Meeting approved the proposal of the Board of Directors to   
authorise the Board of Directors to decide on the conveyance of a maximum of    
1,222,000 of the Company's own shares held by the Company. The authorisation on 
conveying is valid for 18 months after the end of the General Meeting.          

The Company's own shares held by the Company may be conveyed either against     
payment or for free. The shares may be conveyed to the Company's shareholders in
proportion to their current shareholdings in the Company or waiving the         
shareholder's pre-emption right, through a directed share issue if the Company  
has a weighty financial reason to do so, such as using the shares as            
consideration in future acquisitions or other arrangements related to the       
Company's business, as financing investments or as part of the Company's        
incentive program.                                                              


MINUTES OF THE MEETING                                                          

The minutes of the meeting are available to shareholders at the Company's head  
office as of 10 April 2008.                                                     


Helsinki 27 March 2008                                                          


SUOMINEN CORPORATION                                                            


Kalle Tanhuanpää                                                                
President and CEO                                                               



For additional information, please contact                                      
Mr. Kalle Tanhuapää, President and CEO, tel. +358 10 214 300.

Latest news

Changes in company's own shares, European Regulatory News
STOCK EXCHANGE RELEASE May 17, 2022

Suominen – transfer of the company’s own shares

Annual Meetings & Shareholder Rights, European Regulatory News
STOCK EXCHANGE RELEASE March 24, 2022

Decisions taken by Suominen’s Annual General Meeting and the Board of Directors